STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
NeuroVive Pharmaceutical AB (publ) (STO:NVP), the mitochondrial medicine company, has announced that the company’s share has been upgraded to trading on the OTC Market Group’s best market, OTCQX in the US. The upgrade implies increased accessibility and transparency for US investors and potential partners in the world’s largest pharmaceutical market.
Since March 2014, US investors have been able to trade NeuroVive shares online on the OTC market. The shares became quoted on the Pink Market in June 2015. The subsequent upgrade to OTCQX represents a further seal of approval as there are increased regulatory requirements that enable trading and companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications.
The upgrade is a part of NeuroVive’s strategic focus on increasing its presence in the US and raising awareness of the company amongst investors and potential partners. NeuroVive’s current projects include a pre-clinical study in traumatic brain injury (TBI) alongside prestigious University of Pennsylvania (PENN).
“US interest in NeuroVive has increased in recent years, and we believe that the upgrade to OTCQX will help to accelerate this trend as we move forward. Awareness of the company is likely to increase further in the US as our development programs progress, including those carried out alongside US partners. It’s important to have a presence on a credible and well-functioning trading platform in order to convert that interest into strengthening our international ownership structure,” commented NeuroVive’s CEO Erik Kinnman.
The NeuroVive share is registered with OTC’s reporting service for foreign securities in New York under the ticker symbol NEVPF:US. NEVPF’s share price can be monitored at www.otcmarkets.com or through US brokers.
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About NeuroVive
NeuroVive Pharmaceutical AB (publ) is a pioneer in mitochondrial medicine and a company committed to the discovery and development of highly targeted candidates that preserve mitochondrial integrity and function in areas of significant therapeutic need. NeuroVive’s business approach is driven by value-adding partnerships with mitochondrial research institutions and commercial partners across the globe. NeuroVive’s portfolio consists of two clinical projects in acute kidney injury (AKI) and traumatic brain injury (TBI) with candidates in clinical and preclinical development and two drug discovery platforms. The NeuroSTAT® product has orphan drug status in Europe and in the US for treatment of moderate to severe traumatic brain injury and is currently being evaluated in a study, CHIC. Ciclosporin (CicloMulsion®) is being evaluated in an on-going study, CiPRICS, in acute kidney injury during major surgery. NeuroVive’s shares are listed on Nasdaq, Stockholm, Sweden.
NeuroVive Pharmaceutical AB (publ)
Medicon Village, SE-223 81 Lund, Sweden Tel: +46 (0)46 275 62 20 (switchboard), Fax: +46 (0)46 888 83 48
info@neurovive.com, www.neurovive.com
NeuroVive Pharmaceutical AB (publ) is required to publish the information in this news release under The Swedish Securities Market Act. The information was submitted for publication on the 2 June 2016, at 13.00 CET.
NeuroVive Pharmaceutical AB (publ) - the mitochondrial medicine company. The company is listed on Nasdaq Stockholm, Small Cap, under the ticker symbol NVP. The share is also traded on the OTC Markets Group Inc market in the US. NeuroVive Pharmaceutical (OTC: NEVPF) trades on the OTCQX Best Market. Investors can find Real-Time quotes and market information for the company at www.otcmarkets.com/stock/NEVPF/quote
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NeuroVive
Christine Tadgell
Tel: +46 (0)46 275 62 21
ir@neurovive.com
